Common use of State Financing Amount Covenant Clause in Contracts

State Financing Amount Covenant. The Office of Administration covenants and agrees that it is the department of the State charged with responsibility of formulating budget proposals, and that it will include in the budget proposals submitted to the Missouri General Assembly, in any year during the term of this Agreement, a request or requests for the State Financing Amount as set forth on Exhibit C attached hereto. The first such request will be submitted and appropriated under applicable law for the Fiscal Year of the State necessary for the first payment due on the State Bonds. Subsequent requests for appropriations shall be made in each Fiscal Year thereafter so that the State Financing Amount to be paid during the succeeding Fiscal Year will be available for such purposes. It is the intention of the State that the decision to appropriate the State Financing Amount to provide financing for the Project pursuant to this Agreement shall be made solely by the Missouri General Assembly and not by any other official of the State except pursuant to the exercise of the power of the Governor of the State to approve or disapprove such appropriation. The State shall deliver written notice to the Trustee and the Authority of any Event of Non­Appropriation no later than July 15 of the applicable year.

State Financing Amount Covenant. The Office of Administration covenants and agrees that it is the department of the State charged with responsibility of formulating budget proposals, and that it will include in the budget proposals submitted to the Missouri General Assembly, in any year during the term of this Agreement, a request or requests for the State Financing Amount as set forth on Exhibit C attached hereto. The first such request will be submitted and appropriated under applicable law for the Fiscal Year of the State necessary for the first payment due on the State Bonds. Subsequent requests for appropriations shall be made in each Fiscal Year thereafter so that the State Financing Amount to be paid during the succeeding Fiscal Year will be available for such purposes. It is the intention of the State that the decision to appropriate the State Financing Amount to provide financing for the Project pursuant to this Agreement shall be made solely by the Missouri General Assembly and not by any other official of the State except pursuant to the exercise of the power of the Governor of the State to approve or disapprove such appropriation. The State shall deliver written notice to the Trustee and the Authority of any Event of Non­Appropriation Non-Appropriation no later than July 15 of the applicable year.